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USD/CAD Cracking Parity After US Non-Farm Payroll

posted by Avatar kim221b 293 days ago in USD, Technical, Daily

The NFP report was better than expected, best in 5 months in fact. This helps the CAD because its economy is closely tied to the US's. The dynamic for the USD however is not as clear. This is somewhat of a risk-on event so it actually hurts the USD from the perspective of the market pulling out of safe haven into more risky assets when there's risk
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